The Seattle Seahawks are set to change hands after the franchise announced Saturday that it has reached an agreement to sell the team to a new ownership group.

The group is led by the Khosla family and includes Vinod Khosla, the venture capitalist and Sun Microsystems co-founder who previously held a minority stake in the San Francisco 49ers.

The Paul Allen estate, which inherited the NFL team after Allen’s death in 2018, has been working to find new owners. Allen’s will stipulated that the team be sold, and assets be distributed to various charities.

“We are honored to be entrusted as the next stewards of the Seattle Seahawks,” Vinod Khosla said in a statement. “We look forward to building on the winning legacy Paul Allen created and to earning the trust of the Seahawks organization and fans everywhere.”

Terms of the deal were not disclosed, though the Tacoma News Tribune reported it to be for an NFL record $9.61 billion. That would be the second-highest deal in North American sports history, behind the $10 billion the Los Angeles Lakers sold for in 2025.

The transaction must still be approved by the NFL, which should be put to a vote in the coming months.

–Field Level Media